Course Detail(A032 : Accounting for financial instruments under FRS 32, FRS 107 and FRS 109)

UTAP Funding

A032 : Accounting for financial instruments under FRS 32, FRS 107 and FRS 109

7.00 CPE Hours (Category 1)
Classroom


Programme Objective
This new seminar aims to provide practical overview and insights on the classification, recognition, measurement and disclosure requirements of financial instruments under FRS 109. The course covers the business model concept as well as hands on guidance on the identification whether a financial instrument is based on determinable cash flows or not. Furthermore the course covers examples on the areas of impairment and hedge accounting.

After the course, the participant will be able to calculate the present and fair value of most standard financial instrument as well as be able to account for issues like own credit risk or effective interest rate.

The course is rounded up as an overview on the most common disclosures required under FRS 107. 

Programme Outline

1. Overview and Introduction to Financial Instruments

a. Nature and Characteristics of Financial Instruments
b. Identification of determinable cash flows from financial instruments

 
2. NEW Standard covering financial instruments FRS 109

  • Business Model Test
a. Amortized cost model
b. Fair value Model
  • Impairment under FRS 109

 
3. Embedded derivatives
 
4. Hedge Accounting under the new FRS 109

  • Hedge Item & Instrument
  • Mayor changes to Hedge effectiveness & documentation
  • Hedging Models
i. Fair value hedge
ii.Cash flow hedge
iii.Hedge in foreign net investment

 
5. Financial equity and liability (FRS 32)
 
6. FRS 107 Financial Instruments Disclosures

i. Fair value disclosures
ii.Liquidity risk disclosures  


Training Methodology
Lecture style, with Exercises / Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial information will also find the seminar beneficial.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

12 Nov 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Michel Herrmann

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

03 Dec 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann

Date & Time

18 Mar 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann

Date & Time

01 Oct 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 1 April 2020 – 31 March 2021.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
 
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008.

Programme Facilitator(s)


Michel Herrmann
WP, StB, CPA (US and Singapore)

 
Michel has accumulated over 10 years experience in accounting advisory and was with PricewaterhouseCoopers since 2001. He has gained extensive experience in advising multinational companies with complex accounting and tax structures, specializing on accounting issues and structuring in the areas of business combinations, revenue recognition, deferred tax and financial instruments.
While working in Germany, Michel was a member of the German technical accounting group and also a frequent guest speaker at the University of Giessen and the national convention of German CPAs. Michel has co-authored several publications on international accounting. He graduated with a MBA from the University of Mannheim, and is qualified as a US-CPA, SG-CPA, German tax advisor and German CPA.


Programme Objective
This new seminar aims to provide practical overview and insights on the classification, recognition, measurement and disclosure requirements of financial instruments under FRS 109. The course covers the business model concept as well as hands on guidance on the identification whether a financial instrument is based on determinable cash flows or not. Furthermore the course covers examples on the areas of impairment and hedge accounting.

After the course, the participant will be able to calculate the present and fair value of most standard financial instrument as well as be able to account for issues like own credit risk or effective interest rate.

The course is rounded up as an overview on the most common disclosures required under FRS 107. 

Programme Outline

1. Overview and Introduction to Financial Instruments

a. Nature and Characteristics of Financial Instruments
b. Identification of determinable cash flows from financial instruments

 
2. NEW Standard covering financial instruments FRS 109

  • Business Model Test
a. Amortized cost model
b. Fair value Model
  • Impairment under FRS 109

 
3. Embedded derivatives
 
4. Hedge Accounting under the new FRS 109

  • Hedge Item & Instrument
  • Mayor changes to Hedge effectiveness & documentation
  • Hedging Models
i. Fair value hedge
ii.Cash flow hedge
iii.Hedge in foreign net investment

 
5. Financial equity and liability (FRS 32)
 
6. FRS 107 Financial Instruments Disclosures

i. Fair value disclosures
ii.Liquidity risk disclosures  


Training Methodology
Lecture style, with Exercises / Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial information will also find the seminar beneficial.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Michel Herrmann
WP, StB, CPA (US and Singapore)

 
Michel has accumulated over 10 years experience in accounting advisory and was with PricewaterhouseCoopers since 2001. He has gained extensive experience in advising multinational companies with complex accounting and tax structures, specializing on accounting issues and structuring in the areas of business combinations, revenue recognition, deferred tax and financial instruments.
While working in Germany, Michel was a member of the German technical accounting group and also a frequent guest speaker at the University of Giessen and the national convention of German CPAs. Michel has co-authored several publications on international accounting. He graduated with a MBA from the University of Mannheim, and is qualified as a US-CPA, SG-CPA, German tax advisor and German CPA.

Upcoming Schedule

Date & Time

12 Nov 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Michel Herrmann

Venue

60 Cecil Street
ISCA House
Singapore 049709